Batista de Lima Filho Pedro 4
4 · AXIA Energia S.A. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
AXIA (AXIA3) Director Pedro Batista de Lima Filho Sells Shares
What Happened Pedro Batista de Lima Filho, a director of AXIA Energia S.A. (AXIA3), sold a total of 293,200 shares on July 8, 2026 in two open-market/private-sale transactions. The trades were reported at a weighted average price of $10.04 per share (converted from 52.75 BRL), generating proceeds of $2,230,888 (222,200 shares @ $10.04) and $712,840 (71,000 shares @ $10.04), for combined gross proceeds of approximately $2,943,728. These were sales (S) — typically viewed as routine dispositions rather than a bullish signal.
Key Details
- Transaction date: July 8, 2026; Form 4 filed July 10, 2026 (timely filing).
- Prices and amounts:
- 222,200 shares sold @ $10.04 = $2,230,888
- 71,000 shares sold @ $10.04 = $712,840
- Combined: 293,200 shares, ≈ $2,943,728
- Price note: $10.04 is a USD conversion of a weighted average price of 52.75 BRL/share using the U.S. Treasury exchange rate (5.2540 BRL/USD as of March 31, 2026). Reported price excludes brokerage commissions/execution costs.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: The filing states Mr. Filho is a partner at Radar Gestora, which manages several funds (Maliko, Radar, Manuka, Tucurui, Xingo, Infrad). He may be deemed to indirectly beneficially own shares held by those funds, but each fund and Mr. Filho disclaim beneficial ownership except to the extent of pecuniary interest.
Context
- These were outright sales (not option exercises or awards). Sales can be routine (portfolio rebalancing, fund redemptions, tax planning) and do not by themselves indicate management’s view of the company’s prospects.
- Because the filing references multiple investment funds managed by Radar Gestora, some or all shares may have been sold in the capacity of portfolio management for institutional clients rather than personal holdings. The filing includes disclaimers about indirect ownership.
Insider Transaction Report
Form 4
AXIA Energia S.A.AXIA3
Batista de Lima Filho Pedro
Director
Transactions
- Sale
Common Shares
[F1][F2]2026-07-08$10.04/sh−222,200$2,230,888→ 14,073,419 total(indirect: By managed account) - Sale
Common Shares
[F1][F3]2026-07-08$10.04/sh−71,000$712,840→ 4,464,519 total(indirect: By managed account)
Holdings
- 6,920,717(indirect: By managed account)
Common Shares
[F4] - 368,485(indirect: By managed account)
Common Shares
[F5] - 484,809(indirect: By managed account)
Common Shares
[F6] - 4,823,184(indirect: By managed account)
Common Shares
[F7] - 51,115
Common Shares
Footnotes (7)
- [F1]The price reported in column 4 is a weighted average price. The reporting person undertakes to provide to AXIA Energia S.A. ("AXIA"), any security holder of AXIA, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. The weighted average price, $52.75 Brazilian reals ("BRL") per share, has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of March 31, 2026 (the most recently published quarterly rate at the time of filing), at a rate of 5.2540 BRL per USD (fiscaldata.treasury.gov). Brokerage commissions and other costs of execution, if any, are excluded from the reported price.
- [F2]Pedro Batista de Lima Filho ("Mr. Filho") is a partner at Radar Gestora de Recursos Ltda. ("Radar Gestora"), which is responsible for the portfolio management of MALIKO INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Maliko") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Maliko. For the purposes of this filing, each of Maliko and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Maliko or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise.
- [F3]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of RADAR MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Radar") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Radar. For the purposes of this filing, each of Radar and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Radar or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F4]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of MANUKA INVESTMENTS LLC - BANCO BTG PACTUAL S/A ("Manuka") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Manuka. For the purposes of this filing, each of Manuka and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Manuka or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F5]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of TUCURUI MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Tucurui") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Tucurui. For the purposes of this filing, each of Tucurui and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Tucurui or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F6]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of XINGO MASTER FUNDO DE INVESTIMENTO FINANCEIRO DE ACOES ("Xingo") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Xingo. For the purposes of this filing, each of Xingo and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Xingo or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
- [F7]Mr. Filho is a partner at Radar Gestora, which is responsible for the portfolio management of INFRAD MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM ACOES ("Infrad") and receives a performance-based compensation in his capacity as a partner of Radar Gestora. Mr. Filho may be deemed to indirectly beneficially own these shares by virtue of its relationship with Infrad. For the purposes of this filing, each of Infrad and Mr. Filho disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein. This filing shall not be deemed an admission that Infrad or Mr. Filho is the beneficial owner of any of the reported securities for purposes of Section 16 of the Exchange Act, or otherwise.
Signature
/s/ Pedro Batista de Lima Filho|2026-07-10